Grupo Simec acquires steel plants in Cariacica and Itauna, Brazil

Grupo Simec has entered a contract with ArcelorMittal Brasil to acquire the steel products plants of Cariacica and Itauna in Brazil, plus steel wire drawn equipment. The Cariacica plant has capacity of 600,000 mt/year of liquid steel and 450,000 mt/year of rolled products; the Itauna plant has 120,000 mt/year of rolled products.

“Grupo Simec, S.A.B de C.V., (Simec) reports that it has entered to a contract with Arcelor Mittal Brasil, S.A. for the acquisitions of the steel products plants of Cariacica and Itauna, both in Brazil and for steel wire drawn equipment for the production of wires and derivatives.”prnewswire.com

• 1 source
• prnewswire.comGrupo Simec Announces The Acquisitions Of The Steel Products Plants Of Cariacica And Itauna, Both In BrazilGrupo Simec, S.A.B. de C.V.May 3, 2018

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